Monday, June 23, 2014

Jobs up and jobs down

For every Yin there is a Yang.  Regional construction employment may be up, but there is this lingering mystery of why employment revisions were so bad for the Pittsburgh region in 2013.  I am late catching this data recently released (and thanks to the NS peanut gallery for pointing it out), but it appears that employment decline in Westmoreland County (-1.3% between December 2012 and December 2013) was among the worst drops the nation in 2013

Just one data point, but it may explain some things. Why are the numbers so bad for last year when it just does not seem so looking around Downtown and environs.  Looks like the suburban counties came in pretty low this year for this county-level (jobs by place of work) data. This is the same data that has had Washington county among the fastest job gainers in frequently over the last decade.  But this year, absolutely flat (0.0%) employment growth in Washington County, while Allegheny County had growth.  So best not to forget that regional metrics are indeed derived from what is happening across the region, not just in its core.

The table linked previously only has data for the largest counties in the US, so only some of counties in the Pittsburgh MSA. For the larger counties in the region the December 12 to December 13 employment change (%):  Allegheny +0.4%, Butler  -0.4%, Washington 0.0%. Westmoreland -1.3%


Anonymous DBR96A said...

Just like there's "Atlanta" and "the rest of Georgia," there's also "Allegheny County" and "the rest of the Pittsburgh metropolitan area."

Tuesday, June 24, 2014 8:13:00 AM  
Anonymous BrianTH said...

The switch from -50/60 basis points yoy in February/March to +50/70 in April/May is just weird. I understand things like winter weather affected national GDP growth in the first quarter, but it wasn't so bad here, and the near-miraculous turnaround has been fueled in part by white collar jobs too.

Of course maybe this will all get revised away. In fact, I wouldn't be surprised to learn that after revision, it turns out I was fired myself last year.

Tuesday, June 24, 2014 9:50:00 AM  
Anonymous Anonymous said...

"Drilling is just the beginning..."

Tuesday, June 24, 2014 10:07:00 AM  
Anonymous MH said...

After the drilling, there's the waste water injection and the repairing the earthquake damage.

Wednesday, June 25, 2014 6:50:00 PM  

Post a Comment

<< Home